Thermo Fisher Scientific Inc (NYSE:TMO) shares traded higher on Tuesday amid above-average session volume with no clear catalyst.
The stock has been trending higher following the company’s announcement of a $4 billion share repurchase last Tuesday.
What To Know: The company announced the authorization of the share repurchase. The authorization has no expiration date and replaces the company’s existing repurchase authorization, of which $1 billion was remaining.
Shares of the stock responded positively to the news over the following days. While the stock pulled back slightly last Friday, shares have continued to gain since Monday.
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TMO Price Action: Shares of TMO were down 0.03% at $482.39 in the after-hours session at the time of publication, according to Benzinga Pro.
Image by Konstantin Kolosov from Pixabay
